Current practice of Kazakhstan on calculating of price index in the dwelling

market

December,3-4 2014, Astana

Statistics Committee Of Ministry of national economy of the Republic of Kazakghstan

STATISICAL OBSERVATION ON PRICES IN THE DWELLING MARKET

Territorial coverage –

Statistical form – Ц-101 Notebook of registration of prices for consumer goods, paid services and dwelling

From 2015 :

1-ЦРЖ Notebook of the registration of prices for dwelling

Regional centers, Astana, Almaty, Zhezkazgan, Semey

recorded bid price for dwelling with specially selected characteristics (total area, location, room numbers, floor, wall material of houses, class of dwellings, decoration)

2

PRICE INDEX IN THE DWELLING MARKET

New dwelling sale

Resale of - comfortable - uncomfortable - elite dwellings

Rent of - comfortable - Uncomfortable dwellings

Data Data sources

Monthly statistical observation materials

Construction companies, real estate agencies,

advertisements

Method of construction of price index in the dwelling market approved by the

Chairman of Agency of the RK on Statistics, №34 on

December 1, 2013.

Methodological framework

Пpress release, express information, statistical bulletin «Prices in the dwelling market in the RK»

www.stat.gov.kz

www.stat.gov.kz

Data publication

3

FACTORS AFFECTING ON PRICES IN THE DWELLING MARKET

4

The purchasing power of population

Prices for building materials

The volume of construction production

Correction of national currency

The volume of mortgage credit lending

5

In percentage for previous year

PRICE INDEX

OBJECTIVE:

Bringing price indexes for dwelling in line with international standards

Use of administrative data in the Formation of price index for dwelling and development of methodology of its construction

Expected results:

• compliance with international standards

• reducing the burden on respondents through the use of administrative source

• increasing the quality of indicator

• collaboration with MJ RK in obtaining administrative data from the State database «Real estate register»

KAZSTAT PROJECT ACTIVITIES TO IMPROVE PRICE INDEX FOR DWELLING

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DWELLING SERVICES IN ICP

7

041 Factual rent for dwelling

In section «Dwelling services, water, electric energy, gas and other types of fuel» of Classifier of individual consumption by purpose (CICP) count:

Owners occupying their dwellings make up a significant share of households in Kazakhstan

043 maintenance and repair of dwellings

044 water supply and other services related to the maintenance of dwellings

045 Electricity, gas and other types of fuel